XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.029%

Price spread now: Bullet against Deribit+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bullet is 0.041% dearer against Deribit than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,327.6	0.0212	pay 0.0027% / 1h	56m 39s	$134K	$781K	25x
Short	Bullet GOLD-USD	4,329.4	0.0180	get 0.0022% / 1h	56m 39s	$58K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BulletbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$6.89
Price spread: +0.041% → 0.000%: $4.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$17.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 37 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 37 min ago	1.86 bp	5.4 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,333.7	+0.141%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.071%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.005%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.527%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	−0.016%	$6.6M	$3.0M	20x	as long as short
Bluefin GOLD-PERP	+0.0039%	1h	4,323.5	−0.095%	$25K	$1K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.118%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.806%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	−0.032%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.3	−0.076%	$292.1M	$55.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.6	−0.092%	$15.1M	$57.4M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,329	+0.032%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	−0.015%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,328.8	+0.027%	$74.4M	$273.0M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,323.6	−0.093%	$12.7M	$35.8M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.101%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.136%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	+0.037%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.090%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.055%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.8	−0.018%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.7	+0.049%	$300.4M	$428.8M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,328.7	+0.026%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.7	+0.003%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,327.7	+0.003%	$435.6M	$2.36B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	+0.030%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,332.4	+0.111%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.060%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.082%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,329	+0.033%	$81.7M	$170.1M	150x	as long as short
Bullet GOLD-USDshort	+0.0180%	1h	4,329.4	+0.041%	$58K	$77K	10x
Bitget XAUUSDT	+0.0196%	4h	4,327.8	+0.005%	$72.0M	$132.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0212%	1h	4,327.6	long leg	$134K	$781K	25x
OKX XAU-USDT-SWAP	+0.0244%	8h	4,328.9	+0.030%	$171.2M	$355.0M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.048%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,333.1	+0.126%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,326.6	−0.023%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.119%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,337.3	+0.225%	$3.2M	$7.0M	75x	as long as short